examples of intermidiate goods and final goods .
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Answer:
intermidiate goods
coal used in factory for further production.
final goods
milk purchased by household for consumption.
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Explanation:
INTERMEDIATE GOODS
Intermediate goods are also known as semi finished products; these goods are those which are used as input in the production of other goods or for making product saleable. Given below are some of the examples of intermediated goods
EXAMPLE:
Bricks and cement used in the construction of house
Steel used in production of cars
Wood used in furniture like sofa, dining table and so on.
Refrigerator and milk used by ice cream shop owner
Glass used for making spectacles
Vegetables used by restaurant owner
Gold and silver used for making ornaments
Cotton used for making clothes
FINAL GOODS
A final good is a product that the final consumer uses or consumes. The good (product) does not require any additional processing. A company makes a final good for the direct use of the final consumer.
The final consumer is the person or entity that consumes or uses a product or service. We also call this person the ultimate consumer.
EXAMPLE:
a microwave oven
a bicycle
a mobile
a laptop
a cars and etc that is sold to a consumer is a final good or consumer good,
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